Bulgaria Inflation

Bulgaria: Consumer prices fall at softer annual rate in November

December 21, 2015

In November, consumer prices fell 0.1% over the previous month, which contrasted October’s 0.2% increase. According to the National Statistical Institute, the result mainly came on the back of a decrease in prices of transport, which more than offset an increase in prices of clothing and footwear.

Consumer prices fell 0.4% annually in November, which was above the 0.6% decrease tallied in October. Annual average consumer prices remained stable at October’s 0.2% fall in November.

Met the why particular Consensus Forecast participants see inflation at 0.5% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists expect inflation to be 1.5%.

Author:Eric Denis , Economist

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In December, industrial production expanded 2.0% over the same month of the previous year in working-day adjusted terms, matching the revised 2.0% expansion in November (previously reported: +1.7% year-on-year).